account payable Antonyms
No Synonyms and anytonyms found
Meaning of account payable
Wordnet
account payable (n)
a liability account showing how much is owed for goods and services purchased on credit
account payable Sentence Examples
- The accounting department diligently manages the company's accounts payable to ensure timely payment to vendors.
- The finance team reviews the accounts payable ledger regularly to track outstanding invoices.
- The accounts payable clerk is responsible for processing invoices and maintaining accurate financial records.
- The auditor examined the accounts payable section to confirm the accuracy of recorded expenses.
- Vendors often inquire about the status of their outstanding invoices in the accounts payable system.
- To maintain a healthy cash flow, businesses must carefully manage their accounts payable and prioritize payments.
- The software upgrade improved the efficiency of the accounts payable process, reducing processing times.
- The accounts payable manager implemented new procedures to streamline the invoice approval workflow.
- The finance director reviewed the monthly financial statements, paying special attention to the accounts payable balance.
- The accounting software automatically generates reports that include detailed accounts payable information for analysis.
FAQs About the word account payable
a liability account showing how much is owed for goods and services purchased on credit
No synonyms found.
No antonyms found.
The accounting department diligently manages the company's accounts payable to ensure timely payment to vendors.
The finance team reviews the accounts payable ledger regularly to track outstanding invoices.
The accounts payable clerk is responsible for processing invoices and maintaining accurate financial records.
The auditor examined the accounts payable section to confirm the accuracy of recorded expenses.
